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California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages. loanDepot said this is the 10th time it has closed a transaction of this kind. It follows other strategies to strengthen its financial position, including selling mortgage servicing rights (MSRs) and extending debt.  David Hayes, the company’s chief financial officer, said in a sta…

Fannie Mae

Freddie Mac

California, United States

California

HousingWire

loanDepot closes $300M warehouse securitization  - HousingWire

After the collapse. Photo by Brad Hanson The Cape Hatteras National Seashore CHNS) has temporarily closed the beach from G A Kohler Court in Rodanthe to Wimble Shores North Court in Waves after a Rodanthe home collapsed on Tuesday afternoon, September 24. This is the third unoccupied home to collapse in the immediate area since Friday morning, September 20. The temporary closure also includes Dare County’s Rodanthe Beach Access at 23731 N.C. Hig…

North Carolina

OBX Today

Island Free Press

Rodanthe, Waves beaches temporarily close after third home collapse since Friday

Cape Hatteras National Seashore law enforcement rangers responded Tuesday, September 24, 2024 to a 1:08 p.m. Dare County dispatch call regarding a house collapse at 23039 G A Kohler Court in Rodanthe. “Once on scene, rangers confirmed the collapse of the unoccupied house,” stated a CHNS news release. “The owner of the house has hired a debris cleanup contractor and Seashore employees plan on supplementing cleanup efforts.” Swimmers and surfers a…

The Coastland Times

Atlantic claims third house since Friday in Rodanthe - The Coastland Times

The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $19.35 billion in Q2 from the revised level of the quarter before. Total multifamily debt reached a level of $2.090 trillion. Compared to the year-earlier level, debt was up $29.6 billion (1.4 percent). The growth in multifamily mortgage debt outstanding in Q2 […] The post Multifamily mortgage debt outstanding reported higher in Q2 appeared first o…

Yield PRO

Multifamily mortgage debt outstanding reported higher in Q2

Because prices are still way too high. So the Buyers’ Strike continues.

Wages

Wolf Street

financialsurvivalnetwork.com

Demand for Existing Homes Wilts, Supply Spikes to Highest for any August since 2018, Prices Dip, Despite Mortgage Rates that Have Plunged for 10 Months

Notification and Grace Period Lease Requirements for New Multifamily Loans Begin February 2025 WASHINGTON, Aug. 28, 2024 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today released additional information regarding new protections for tenants in multifamily properties with mortgages backed by Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSEs). The protections are included in the Enterprise Multifamily Lease Standards Policy for mu…

Washington DC

Washington

Benzinga

Fannie Mae Announces New Plans for Tenant Protections at GSE-Financed Multifamily Properties - Federal National Mortgage (OTC:FNMA)

Although inflation might be easing ever so slightly, don’t expect prices to come down anytime soon, including housing prices.  Despite the prospect of improving interest rates on the not-too-distant horizon, experts say home prices won’t be declining any time soon. In fact, housing prices are even expected to rise as a result of the boost in demand.  Experts expect the number of buyers waiting for houses to become more affordable to continue dri…

Inflation

Dallas, Texas

US Economy

Dallas

The Dallas Express News

September rate cuts likely to boost demand for houses, sending prices even higher

The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight weeks.



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Sask Today

Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks

By Jeff Shaw Freddie Mac and Fannie Mae — collectively known as the government-sponsored enterprises (GSEs) — have been on divergent paths in recent years when it comes to lending in the seniors housing sector. As specifically regards current activity, Freddie Mac is in the midst of a transaction rally, while Fannie Mae is enduring a wave of delinquencies fueled by seniors housing loans. The two lenders posted similar deal volumes in 2019 before…

REBusinessOnline

When It Comes to Seniors Housing, GSEs Are Down, But Not Out

There is now a formal industry standard for consumers to request a reconsideration of the appraiser’s value opinion.

News from Fannie Mae